Suppose your business makes 100 monthly credit card transactions of $100 each, for $10,000 per month in credit card sales. If your Provider charges you 2% transaction rate plus a flat transaction fee of $0.19, you pay $2.19 for a $100 sale. So, for the month you will pay $219. If you had an ATM, you would not have this expense and you would have made a commission each time the ATM was used!
Many of our customers have an ATM installed and still accept credit cards, but they offer a discount for cash purchases if the customer uses their ATM. Once you have an ATM, you can then start a policy of “no tips on credit cards.” This is a huge savings!
So contact us today! 215-264-0095 or [email protected].
The quickest and best way to lower your credit card fees is to provide ATM service!